The change in Luther's quick ratio from 2008 to 2009 is closest to:
A)a decrease of .10
B)an increase of .10
C)a decrease of .15
D)an increase of .15

Name: The change in Luther's quick ratio from 2008 to 2009 is closest to: A)a decrease of .10 B)an increase of .10 C)a decrease of .15 D)an increase of .15
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

B)quick ratio in 2009 = (171.0 - 45.9)/144 = .87
quick rat io 2008 = (144.0 - 42.9)/132 = .77
so the quick ratio increased by .87 - .77 = .10

The Change in Luther's Quick Ratio from 2008 to 2009